Fuel prices hit new high, diesel reaches $5.31 per litre
Fuel prices have risen again, with diesel increasing to $5.31 per litre and petrol to $3.99 per litre.
The June 2026 fuel prices, which come into effect from 1 June 2026, were released last Sunday night.
Petrol increased by 47.6 sene per litre, from $3.51 to $3.99 per litre. Diesel increased by 80.4 sene per litre, from $4.50 to $5.31 per litre.
Kerosene increased by 96.9 sene per litre, from $4.05 to $5.02 per litre.
According to the Minister of Finance, Mulipola Anarosa Ale-Molioo, as the USA/Iran conflict enters its 14th week, both crude and refined product prices remain volatile.
“Reports that the US and Iran were close to reaching a deal to reopen the Strait of Hormuz have not materialised, and worldwide crude oil supply remains constrained,” she said.
“The price increases in May and this month now reflect the ongoing impact of the USA/Iran conflict on refined product prices.
“On the supply side, Government continues to work with our supplier, ExxonMobil. Further cargoes are scheduled to arrive this week and in early July.”